tomorrow 11am - Veterans Day and TWO MINUTES OF SILENCE is it meaning ATH (1818) on Russel another 7% spike? making double top and slide DOWN???
H&S forming overnight Monday could open on 1620 on Monday further decline to 1600 and lows this is not a final BIG DROP yet!
Today is a bottom on RUT/US2000USD on 1450. We can see H&S reversal. LONG/SIDEWAYS till an election day November 6th. It is going GAP UP to 1500 tomorrow overnight. Than sideways up to 1600 level on the election day. Falling to lower levels afterwards. Today is starting a second FED EAGLE wing. A very unique pattern! :)
Small caps looking a lot like Ethereum. Everyone tried to count 5 waves up but then another wave comes into the market and trolls all the early bears. Over 66% of people think we will go into a GREAT DEPRESSION 2.0, And trust me we will but not quite yet. Many stocks haven't made topping patterns & others are painting false tops. I am bullish. Stay...
In this update I go over my Elliott Wave count for the Russell 2000 and look at some key Fibonacci targets to keep an eye on as well.
Please enjoy, a little thrown together but I wanted to get this out there.
Fundamental score of 30 I just love that formation and CLEAR PRECISE trendline. It will get broken soon and fall alot. GL
Just relentless - You should NOT trade against this sweetie-monster, but trade WITH it. Although the Centerline is not superior, we catch the path of price with this Fork. ...go RUT...get my sweetie §8-) P!
Not much to say. Just study the chart to learn a little more about forks and how the market moves. P!
After the high close last Friday, I decided to clear the RUT chart and dig deeper. Here's what I found, the reason why RUT was not convinced to break the sliding in the prior chart. So, until the centerline is broken, I'm slightly bullish and just trade Theta (Optionstrading...collecting money by selling deep out of the money options and low volatility strategies). P!
After missing the lower (orange) centerline, RUT has made a first test of the L-MLH. It's hard to say, where this market will go. The Hagopian indicates a further surge, the test a potential new fall to the south. Sitting on my hands and collecting theta meanwhile. P!
Not much to say here - if it can break the actual pressing, then we probably will see RUT climbing to new highs. The downside seems harder to break, since we can see lot's of support. However - neutral to light skewed positions are not a bad idea IMO. --------------------- Hier gibt's nicht viel zu sagen - Schafft es der Markt das aktuelle Pressing zu...
After the explosion to the upside (see this post : ), RUT was pulling back after missing the centerline by just a couple points. Normally this indicates a further drop then from where it came (Hagopian rule). But in this case, it could be the opposite - feeding the fire with fuel and shooting this rocket to stage three. This is the time, where no clear view...
Here we have a) the broken sine wave b) the pressure cooker ...and a flow to the north. This pressing could explode soon. It's a pattern I observe since years, and it works very well. After the explosion, the steam settles first, bevor floating upwards again. P!
Here is why I see that the Russel could climb again: The orange up sloping frequency shift is reached. From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn. Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close! So,...
Here we go. Russel did a test/retest and is now on the way south. My Put Debit Spreads gain $ and I observe what will happen at the sliding parallel. P!
The zoom below the centerline gave us a high potential of a test/retest, and here we are. Most likely price will go south from here. The potential target is the sliding parallel. P!
As bevor in 2015, price bounced twice on the ceiling. The tiny support is not really something, but it is kinda confirming with the last down Bar. From here the pullback shall happen so we can enter short or buy more Butterflys for a soar into profits hehe... Happy new week to all. P!